Cash corn prices to the farmer today are generally between $3.00-3.50/bushel. There are a few reasons why farmers will be reluctant to part with more corn at these levels, but also one additional source of money that they haven't used in many years: the USDA loan program.The record U.S. corn harvest is now essentially finished. More importantly, it has also evidently found a home and is mostly under some sort of cover. This is somewhat surprising, considering the sheer size of the crop relative to last year. U.S. corn production is now estimated to be nearly 500 million bushels (12 MMT) larger than a year ago. The crop was also planted somewhat later than normal with the cool, wet summer causing concerns that the corn would be harvested wet...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.